Education & News
The Bank of England (BoE) – UK’s Central bank has through its Financial Policy Committee (FPC) published a set of guidelines stating terms that yet-to-be-released Facebook’s Libra stablecoin must adhere to before launching in the United Kingdom. According to the FPC, “Libra has the potential to become a systematically
Education & News
Following a request by the US Senate Financial Services Committee, it has announced that Facebook CEO Mark Zuckerberg is set to testify before its congressional hearing on Wednesday, October 23, 2019. The hearing titled: "An examination of Facebook and Its Impact on the Financial Services and Housing Sectors”, will
Bitcoin
Chainalysis – a blockchain investigation/cryptocurrency tracking firm has added support for five more coins. The new service will have its software support five additional ERC-20 (Ethereum Request for Comment) tokens. The newly added tokens include: Dai (DAI), Maker (MKR), Basic Attention Token (BAT), OmiseGO (OMG) and Ox (ZRX). ERC-20 refers
Bitcoin
Brian Armstrong – CEO and co-founder of popular US crypto exchange Coinbase has expressed displeasure over the United States response to Facebook’s Libra coin. Armstrong questioned the US slow approach while nations such as China are making plans to launch their stablecoin. In an official tweet, Armstrong described the Libra
Bitcoin
The European Union (EU) finance commissioner Valdis Dombrovski has affirmed he will propose new legislation to regulate cryptocurrencies; citing Facebook’s Libra coin as a major factor in this move. According to Reuters, Dombrovski who served a prime minister and finance minister of Latvia is seeking re-appointment as vice president
Education & News
Global payment processor PayPal has officially quit the Libra Association - the governing body of all partner companies involved in Facebook’s Libra project. According to Reuters, PayPal missed the meeting of the Libra association held last Thursday; with a spokesperson revealing that the company had withdrawn from the Libra
Education & News
Months after Facebook announced the white paper for the development of its Libra cryptocurrency, critics have continued to question the company’s credibility to launch a finance product due to its privacy and data scandal. To this effect, the US Senate through its Financial Services Committee has demanded the presence
Blockchain
The Uruguay Digital Party has announced partnership with Æternity to develop an internal blockchain voting system. The partnership aims to build a blockchain-based system which will offer decentralized and transparent voting among citizens for internal elections. The Uruguay Digital party was founded in 2013 with the goal to revolutionize the
Blockchain
Popular footwear manufacturer – New Balance has announced it will be utilizing the Cardano blockchain to help authenticate its products. This latest development is hinged on a strategic partnership between New Balance and blockchain engineering startup IOHK - which serves as the development team of the Cardano (ADA) blockchain and cryptocurrency.
Bitcoin
The Switzerland Stock Exchange (SIX) has listed a new crypto exchange-traded product (ETP), courtesy of a partnership between Swiss crypto broker Bitcoin Suisse and fintech firm Amun AG. As reported, the joint Bitcoin (BTC) and Ether (ETH) product with ticker symbol ‘ABBA’ is now live on the Swiss exchange; and
Bitcoin
Ukraine’s Ministry of Digital transformation has confirmed plans to legalize cryptocurrencies in the country; which will now give crypto an official status. According to reports by Tech Liga, the legalization process is part of the government’s effort to modernize the country which has become a priority agenda under
Africa
The Democratic Republic of Congo in partnership with German blockchain firm RCS Global has launched mine-to-market solution to help fight against illegally obtained minerals in the country. According to Reuters, the Congolese government officials under the Societe Miniere de Bisunzu (SMB) mine are using blockchain technology to assure buyers of